Bill Ackman takes a stake in Microsoft
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The Pershing Square founder is betting that investors are wrong about Microsoft's Azure growth and $190 billion capex budget.
Microsoft (NASDAQ: MSFT) stock is solidly in the green on Friday despite a bearish backdrop for tech stocks. The company's share price was up 3% as of noon ET. Meanwhile, the S&P 500 was down 1.2%, and the Nasdaq Composite was off 1.